Grand Canyon Education Inc (LOPE)

Inventory turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	254,454	253,075	254,030	251,938	250,000	187,875	183,249	178,186	174,755	230,414	225,088	221,168	216,113	211,644	206,339	200,749	197,750	185,507	174,070	168,788
Inventory	US$ in thousands	—	0	0	—	—	0	0	—	—	—	—	—	—	—	—	—	300	300	300	300
Inventory turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	659.17	618.36	580.23	562.63

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $254,454K ÷ $—K
= —

As the data for Grand Canyon Education Inc's inventory turnover for the specified periods is not provided, it is not possible to perform a detailed analysis of this ratio. Inventory turnover is a crucial metric that helps in assessing the efficiency of a company in managing its inventory levels. A higher inventory turnover ratio typically indicates that the company is effectively managing its inventory by quickly selling or using its inventory stock, which can lead to lower holding costs and improved cash flows. Conversely, a lower turnover ratio may suggest inefficiencies in inventory management, such as overstocking or slow-moving inventory.

To offer a meaningful analysis, it would be necessary to have the inventory turnover figures for the specified quarters to assess any trends, compare the company's performance over time, and benchmark against industry peers.